CHANGE IN RATINGS
American Capital (ACAS Quote - Cramer on ACAS - Stock Picks) downgraded at Jefferies to Hold rating from Buy. Price target holds at $40 and 2008 EPS estimates drift down to $3.48 from $3.51.
Campell Soup (CPB Quote - Cramer on CPB - Stock Picks) upgraded at UBS to Buy rating from Neutral. Price target lifts to $43 from $42, and 2009 EPS estimates hold at $2.37.
Centurytel (CTL Quote - Cramer on CTL - Stock Picks) upgraded at Bear Stearns from Underperform to Outperform. $52 price target. Company has an attractive 11% free cash flow yield, and just announced a large buyback program.
Centurytel upgraded at Merrill Lynch from Sell to Neutral. Company is pledging 80% of its free cash flow to dividends and the buyback program. Still has flexibility for acquisitions.
Estee Lauder (EL Quote - Cramer on EL - Stock Picks) downgraded at Credit Suisse to Neutral from Outperform. Cites reduced visibility and will take more time for company to reach full potential. Lowered target price to $44 from $53.
ETrade (ETFC Quote - Cramer on ETFC - Stock Picks) downgraded at UBS to Neutral rating from Buy. Price target drops to $17.50 from $27, and 2008 EPS estimates dip to $1.75 from $1.92.
Family Dollar (FDO Quote - Cramer on FDO - Stock Picks) downgraded at Goldman Sachs to Neutral from Buy, due to weakness in low-end consumer environment and pricing aggressiveness at Wal-Mart. Price target reduced to $32 from $40.
Georgia Gulf (GGC Quote - Cramer on GGC - Stock Picks) upgraded at UBS to Neutral rating from Sell. Price target and 2008 EPS estimates hold at $16 and breakeven, respectively
TSC Staff
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